USA HISTORY

Detailed explanation-1: -Pure capitalism refers to an economic system that is private and free. In a pure capitalist system, private businesses compete in the market without any interference from the government. In contrast, in a mixed economic system, private property ownership is permitted but there is some governmental interference.

Detailed explanation-2: -These include laissez-faire or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism.

Detailed explanation-3: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.

Detailed explanation-4: -Private property promotes efficiency by giving the owner of resources an incentive to maximize its value. The more valuable a resource, the more trading power it provides the owner of the resource. This is because, in a capitalist system, someone who owns property is entitled to any value associated with the property.

Detailed explanation-5: -Ideologies of capitalism are the various economic and political ideologies within capitalist society that implicitly or explicitly advocate certain forms of capitalism. This may include support for forms from laissez-faire to welfare capitalism.